Last $15.27 USD
Change Today +0.07 / 0.46%
Volume 375.2K
NOAH On Other Exchanges
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As of 8:04 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

noah holdings ltd-spon ads (NOAH) Key Developments

Noah Holdings Limited Reports Unaudited Consolidated Earnings Results for the Second Quarter Ended June 30, 2014; Announces Change of CFO; Provides Earnings Guidance for 2014

Noah Holdings Limited reported unaudited consolidated earnings results for the second quarter ended June 30, 2014. For the quarter, the company reported total revenues of USD 75,521,898 compared to USD 46,853,027 reported a year ago. Net revenues were USD 71,444,131 compared to USD 44,264,357 reported a year ago. Income from operations was USD 28,290,878 compared to USD 18,412,155 reported a year ago. Income before taxes and loss from equity in affiliates was USD 31,089,677 compared to USD 19,964,659 reported a year ago. Net income attributable to the company was USD 22,871,307 or USD 0.41 per diluted ADS compared to USD 14,447,818 or USD 0.26 per diluted ADS reported a year ago. Adjusted net income attributable to the company's shareholders was USD 24,637,361 or USD 0.44 per diluted ADS compared to USD 16,119,032 or USD 0.29 per diluted ADS reported a year ago. Net revenues were increased 61.4% from the corresponding period in 2013, due to increases in both one-time commission revenues and recurring service fees and contribution of performance fees for the second quarter of 2014. Net revenues from one-time commissions for the second quarter of 2014 were USD 22.9 million, a 0.4% increase from the corresponding period in 2013. The year-over-year increase for the second quarter of 2014 was primarily due to an increase in transaction value, despite a decrease in average commission rate. The company generated USD 43.5 million cash inflow from its operating activities. The company estimates that non-GAAP net income attributable to the company shareholders for the full year 2014 is expected to be in a range of USD 72.0 million and USD 76.0 million, representing a year-over-year increase in the range of 27.0% and 34.1%. This estimate reflects management's current business outlook and is subject to change. Ms. Theresa Teng will be resigning as chief financial officer effective September 2, 2014 due to personal reason. Ms. Chia-Yue Chang, its current executive director, will be the acting CFO effective from September 3, 2014, until a suitable candidate comes on board.

Noah Holdings Limited to Report Q2, 2014 Results on Aug 12, 2014

Noah Holdings Limited announced that they will report Q2, 2014 results at 9:00 AM, China Standard Time on Aug 12, 2014

Noah Holdings Limited, Q2 2014 Earnings Call, Aug 12, 2014

Noah Holdings Limited, Q2 2014 Earnings Call, Aug 12, 2014

Noah Holdings Limited Reports Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for Full Year of 2014

Noah Holdings Limited reported consolidated unaudited earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total revenues of $34,495,394 compared with $53,134,022 for the same period last year. Net revenues were $32,604,010 compared with $50,258,519 for the same period last year. Income from operations was $11,880,020 compared with $20,684,028 for the same period last year. Income before taxes and loss from equity in affiliates was $13,691,139 compared with $22,692,191 for the same period last year. Net income attributable to Noah Shareholders was $9,609,891 or $0.17 diluted ADS per share compared with $16,875,433 or $0.30 diluted ADS per share for the same period last year. Adjusted net income was $10,898,196 compared with $18,708,256 for the same period last year. Adjusted net income attributable to Noah Shareholders was $10,740,652 or $0.19 diluted ADS per share compared with $18,090,874 or $0.32 diluted ADS per share for the same period last year. Net revenues increase from the corresponding period in 2013, due to increases in both one-time commission revenues and recurring service fees for the first quarter of 2014. In the first quarter of 2014, the company used a net of $4.5 million in its operating activities and used a net of $35.7 million in investing activities, mostly related to fixed income product investments. The company estimates that non-GAAP net income attributable to Noah shareholders for the full year 2014 is expected to be in a range of $72.0 million and $76.0 million, representing a year-over-year increase in the range of 27.0% and 34.1%. This estimate reflects management's current business outlook and is subject to change.

Noah Holdings Limited to Report Q1, 2014 Results on May 12, 2014

Noah Holdings Limited announced that they will report Q1, 2014 results at 5:00 PM, China Standard Time on May 12, 2014

 

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Valuation NOAH Industry Range
Price/Earnings 12.8x
Price/Sales 4.1x
Price/Book 3.1x
Price/Cash Flow 13.1x
TEV/Sales 2.9x
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